ADN 5.00% 1.0¢ andromeda metals limited

Ann: Results of Concrete Decarbonisation Study, page-294

  1. 2,390 Posts.
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    santamaria1
    Mate I dont understand what you are trying to achieve in your rambling post!! Letting off your frustration clearly... but mate we are all a bit frustrated with how things played out under the previous board but things have changed enormously in the past six months.

    Do you not understand the significant changes that have been made in the past six months??
    In case you dont understand here are a few points to consider:
    * ADN shareholders have suitably qualified and experienced people in all of the senior management roles.
    * ADN have a new refreshed board with competent, experienced people in all of the board positions.
    * The new incoming CEO is already heavily involved with everything being planned and carried out.
    * The company is now poised to implement the production strategy to build Stage 1 of what will become a multi decade long kaolin giant selling worldwide.
    * The main immediate hurdle to be overcome is raising the required amount of cash to build a processing plant. From what I gleaned from the directors in Brisbane a few weeks ago the planning for that capital raising process is being carried out in a very professional manner.

    If you just think about it and you will realise how much has been achieved in the last six months. It is true that it is not yet reflected in the SP but over time it will be IMHO. If the capital raising goes well there are no regulatory or financial hurdles to be overcome. I believe that when we have the capital secured to build the plant, the potential customers will be signing more offtakes as our new plant is now a certainty to come into operation.

    Chrs W2
    Last edited by Wombat2: 04/04/23
 
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